Economics JAMB

A government budget proposing to spend more than its expected revenue in a year will create _______?

A. Opportunity for combating inflation
B. Depression in the economy
C. Shortage in money supply
D. Opportunity for full employment

Correct Answer:

Option D – Opportunity for full employment

Explanation

When the government spends more than it collects, a budget deficit exists.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

EME 405 Theory Questions: Management Accounting And Functions

400 Level  Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…

6 hours ago

EME 405 Theory Questions: Basic Accounting Conventions

400 Level  Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…

6 hours ago

EME 405 Theory Question: Qualities And Objectives Of Financial Accounting

400 Level  Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…

6 hours ago

EME 405 Theory Question: Basic Accounting Conventions

400 Level  Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…

7 hours ago

EME 405 Theory Questions: Budgeting Process in Nigerian Education ​​

400 Level  Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…

7 hours ago

EME 405 Theory Question: Qualitative Factors in Decision Making

400 Level  Management Accounting In Education Practice exam questions and detailed answers. Download the answers in…

7 hours ago